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PENN Entertainment (BSP:P2EN34) Cyclically Adjusted PB Ratio : 1.81 (As of May. 02, 2024)


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What is PENN Entertainment Cyclically Adjusted PB Ratio?

As of today (2024-05-02), PENN Entertainment's current share price is R$8.85. PENN Entertainment's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$4.90. PENN Entertainment's Cyclically Adjusted PB Ratio for today is 1.81.

The historical rank and industry rank for PENN Entertainment's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:P2EN34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 1.63   Max: 11.78
Current: 1.6

During the past years, PENN Entertainment's highest Cyclically Adjusted PB Ratio was 11.78. The lowest was 0.53. And the median was 1.63.

BSP:P2EN34's Cyclically Adjusted PB Ratio is ranked worse than
54.93% of 588 companies
in the Travel & Leisure industry
Industry Median: 1.385 vs BSP:P2EN34: 1.60

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

PENN Entertainment's adjusted book value per share data for the three months ended in Dec. 2023 was R$103.145. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$4.90 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PENN Entertainment Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PENN Entertainment's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PENN Entertainment Cyclically Adjusted PB Ratio Chart

PENN Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.07 7.79 4.79 2.90 2.51

PENN Entertainment Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.90 2.93 2.41 2.38 2.51

Competitive Comparison of PENN Entertainment's Cyclically Adjusted PB Ratio

For the Resorts & Casinos subindustry, PENN Entertainment's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PENN Entertainment's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PENN Entertainment's Cyclically Adjusted PB Ratio falls into.



PENN Entertainment Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

PENN Entertainment's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.85/4.9
=1.81

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PENN Entertainment's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, PENN Entertainment's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=103.145/129.4194*129.4194
=103.145

Current CPI (Dec. 2023) = 129.4194.

PENN Entertainment Quarterly Data

Book Value per Share CPI Adj_Book
201403 23.032 99.695 29.899
201406 22.402 100.560 28.831
201409 23.727 100.428 30.577
201412 -23.629 99.070 -30.868
201503 22.662 99.621 29.441
201506 23.274 100.684 29.916
201509 -32.781 100.392 -42.260
201512 -32.530 99.792 -42.188
201603 -29.530 100.470 -38.039
201606 -25.094 101.688 -31.937
201609 -21.594 101.861 -27.436
201612 -19.998 101.863 -25.408
201703 -18.592 102.862 -23.392
201706 -18.672 103.349 -23.382
201709 8.962 104.136 11.138
201712 -2.642 104.011 -3.287
201803 -1.203 105.290 -1.479
201806 1.135 106.317 1.382
201809 3.132 106.507 3.806
201812 24.334 105.998 29.711
201903 61.043 107.251 73.661
201906 62.955 108.070 75.392
201909 68.961 108.329 82.387
201912 65.579 108.420 78.281
202003 52.517 108.902 62.412
202006 55.989 108.767 66.620
202009 90.801 109.815 107.011
202012 87.003 109.897 102.459
202103 98.482 111.754 114.049
202106 94.103 114.631 106.243
202109 102.393 115.734 114.501
202112 135.280 117.630 148.839
202203 117.376 121.301 125.232
202206 117.234 125.017 121.363
202209 120.875 125.227 124.922
202212 122.259 125.222 126.357
202303 140.217 127.348 142.498
202306 135.014 128.729 135.738
202309 113.368 129.860 112.984
202312 103.145 129.419 103.145

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


PENN Entertainment  (BSP:P2EN34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


PENN Entertainment Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of PENN Entertainment's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


PENN Entertainment (BSP:P2EN34) Business Description

Traded in Other Exchanges
Address
825 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands (such as Hollywood Casino and Ameristar), with land-based casinos representing 90% of total sales in 2022 (10% was from the interactive segment, which includes sports, iGaming, and media revenue). The retail portfolio generates high-30% EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media assets, theScore and ESPN (starting with its partnership launch Nov. 14, 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.

PENN Entertainment (BSP:P2EN34) Headlines

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